CE2D.L vs. BNKE.L

Last updated Jun 4, 2026

CE2D.L (Amundi Index MSCI Europe UCITS ETF DR EUR (D)) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - CE2D.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, CE2D.L returned 9.93%/yr vs 29.06%/yr for BNKE.L. At a 0.44 correlation, their price movements are largely independent. CE2D.L charges 0.15%/yr vs 0.30%/yr for BNKE.L.

Performance

CE2D.L vs. BNKE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index MSCI Europe UCITS ETF DR EUR (D) (CE2D.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CE2D.L is traded in GBp, while BNKE.L is traded in GBP. To make them comparable, the BNKE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CE2D.L achieves a 6.08% return, which is significantly higher than BNKE.L's 3.83% return.

CE2D.L

• 1D: -0.59%
• 1M: 2.34%
• YTD: 6.08%
• 6M: 8.48%
• 1Y: 19.17%
• 3Y*: 14.11%
• 5Y*: 9.93%
• 10Y*: —

BNKE.L

• 1D: -1.34%
• 1M: 4.25%
• YTD: 3.83%
• 6M: 11.34%
• 1Y: 42.97%
• 3Y*: 45.29%
• 5Y*: 29.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CE2D.L vs. BNKE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CE2D.L Amundi Index MSCI Europe UCITS ETF DR EUR (D)	6.08%	25.78%	3.75%	14.43%	-4.94%	18.18%
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	3.83%	99.94%	25.19%	27.75%	6.62%	16.96%

Correlation

The correlation between CE2D.L and BNKE.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021	0.44

Over the past year, CE2D.L and BNKE.L have become more correlated (0.72) than their long-term average of 0.44, meaning their price movements have been converging.

CE2D.L vs. BNKE.L - Sectors Allocation Comparison

Sectors	CE2D.L	BNKE.L
Financial Services	23.5%	100.0%
Industrials	20.1%	-
Healthcare	13.3%	-
Technology	8.7%	-
Consumer Defensive	8.3%	-
Consumer Cyclical	6.4%	-
Energy	5.4%	-
Basic Materials	5.0%	-
Utilities	4.8%	-
Communication Services	3.7%	-
Real Estate	0.8%	-

Return for Risk

CE2D.L vs. BNKE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CE2D.L

CE2D.L Risk / Return Rank: 43
CE2D.L Sharpe Ratio Rank: 46
CE2D.L Sortino Ratio Rank: 45
CE2D.L Omega Ratio Rank: 48
CE2D.L Calmar Ratio Rank: 37
CE2D.L Martin Ratio Rank: 41

BNKE.L

BNKE.L Risk / Return Rank: 50
BNKE.L Sharpe Ratio Rank: 53
BNKE.L Sortino Ratio Rank: 51
BNKE.L Omega Ratio Rank: 48
BNKE.L Calmar Ratio Rank: 51
BNKE.L Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CE2D.L vs. BNKE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Europe UCITS ETF DR EUR (D) (CE2D.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CE2D.L	BNKE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.84	-0.25
Sortino ratio: Return per unit of downside risk	2.24	2.54	-0.30
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	1.83	2.57	-0.74
Martin ratio: Return relative to average drawdown	6.46	8.30	-1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CE2D.L vs. BNKE.L - Sharpe Ratio Comparison

The current CE2D.L Sharpe Ratio is 1.58, which is comparable to the BNKE.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of CE2D.L and BNKE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CE2D.L	BNKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.84	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	1.14	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.74	+0.39

Drawdowns

CE2D.L vs. BNKE.L - Drawdown Comparison

The maximum CE2D.L drawdown since its inception was -15.74%, smaller than the maximum BNKE.L drawdown of -48.52%. Use the drawdown chart below to compare losses from any high point for CE2D.L and BNKE.L.

Drawdown Indicators

	CE2D.L	BNKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.74%	-48.52%	+32.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-16.66%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.91%	-18.40%	+5.49%
Max Drawdown (5Y) Largest decline over 5 years	-15.74%	-34.21%	+18.47%
Current Drawdown Current decline from peak	-1.95%	-2.37%	+0.42%
Average Drawdown Average peak-to-trough decline	-2.73%	-10.41%	+7.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	5.16%	-2.19%

Volatility

CE2D.L vs. BNKE.L - Volatility Comparison

The current volatility for Amundi Index MSCI Europe UCITS ETF DR EUR (D) (CE2D.L) is 4.10%, while Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) has a volatility of 6.35%. This indicates that CE2D.L experiences smaller price fluctuations and is considered to be less risky than BNKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CE2D.L	BNKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	6.35%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	18.61%	-8.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	23.27%	-11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	25.45%	-8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	29.63%	-12.01%

CE2D.L vs. BNKE.L - Expense Ratio Comparison

CE2D.L has a 0.15% expense ratio, which is lower than BNKE.L's 0.30% expense ratio.

Dividends

CE2D.L vs. BNKE.L - Dividend Comparison

CE2D.L's dividend yield for the trailing twelve months is around 2.38%, while BNKE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CE2D.L Amundi Index MSCI Europe UCITS ETF DR EUR (D)	2.38%	2.52%	2.79%	2.74%	3.00%	2.19%

Frequently Asked Questions

Can I hold both CE2D.L and BNKE.L in my portfolio?

CE2D.L and BNKE.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CE2D.L or BNKE.L?

On fees, CE2D.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CE2D.L or BNKE.L?

CE2D.L is cheaper with a 0.15% expense ratio, compared with 0.30% for BNKE.L.

What is the main difference between CE2D.L and BNKE.L?

CE2D.L is categorized as Europe Equities, while BNKE.L is Financials Equities. CE2D.L tracks MSCI Europe NR EUR, while BNKE.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.15% for CE2D.L and 0.30% for BNKE.L.